Salmond well up
The directors of Salmond Industries, Ltd, advise an audited tax-paid profit for the year ended March 31, of $2,878,000 (last year $2,271,000), an increase of 26 per cent. The trading profit was $3,746,000 ($2,906,000) and tax provision $868,000 ($635,000). Sales increased by 11 per cent to $50,792,000 ($45,855,000), exceeding $50,000,000 for the first time, and included a 33 per cent
increase in exports to $13,389,000. Following an interim dividend of 7c, the directors now recommend an unchanged final dividend of 10c a share, of which 1.5 c will be tax-free. During the year issued capital increased from $3,708,057 to $6,793,599, following the one-for-five and one-for-two bonus issues. The total dividend of 17c a share for the year has been maintained on this increased capital.
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Press, 30 May 1985, Page 20
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127Salmond well up Press, 30 May 1985, Page 20
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